Patterson Mark 4
4 · CISCO SYSTEMS, INC. · Filed Mar 23, 2026
Research Summary
AI-generated summary of this filing
Cisco (CSCO) CFO Mark Patterson Sells 4,892 Shares
What Happened
Mark Patterson, Executive Vice President and Chief Financial Officer of Cisco Systems, sold a total of 4,892 shares in two open-market transactions on March 20, 2026. The filings report:
- 2,391 shares sold at a weighted average price of $77.68 for $185,727
- 2,501 shares sold at a weighted average price of $78.26 for $195,722
Total proceeds reported: approximately $381,449. These were sales (not purchases) and were executed under a pre-arranged 10b5-1 trading plan.
Key Details
- Transaction date: March 20, 2026; Form 4 filed March 23, 2026 (appears timely).
- Reported sale prices (weighted averages): $77.68 and $78.26. Footnotes show per-share price ranges for the multiple trades: $77.02–$78.01 and $78.03–$78.86.
- Shares owned after the transaction: not specified in this filing.
- Notable footnotes:
- F1: Trades executed pursuant to a Rule 10b5-1 plan adopted Dec 19, 2025.
- F2/F4: Weighted-average prices; multiple executions within the stated price ranges (reporting person will provide breakdown on request).
- F3: Reference to 1,021.837 dividend equivalents on unvested RSUs (each equivalent equals one share).
- Transaction code: S = Sale.
Context
- Sales under a 10b5-1 plan are pre-scheduled and often viewed as routine, reducing the degree to which they signal the insider’s current view of the company.
- For retail investors: purchases are typically more informative about insider conviction than routine sales; these transactions should be considered in the broader context of other insider activity and company fundamentals.
Insider Transaction Report
Form 4
Patterson Mark
EVP and CFO
Transactions
- Sale
Common Stock
[F1][F2][F3]2026-03-20$77.68/sh−2,391$185,727→ 202,541.716 total - Sale
Common Stock
[F1][F4]2026-03-20$78.26/sh−2,501$195,722→ 200,040.716 total
Footnotes (4)
- [F1]This transaction was effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on December 19, 2025.
- [F2]Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $77.02 to $78.01. The reporting person has provided to the issuer, and undertakes to provide to the staff of the Commission or any security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
- [F3]Includes 1,021.837 dividend equivalents accrued on unvested restricted stock units. Each dividend equivalent is the economic equivalent of one share of Cisco common stock.
- [F4]Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $78.03 to $78.86. The reporting person has provided to the issuer, and undertakes to provide to the staff of the Commission or any security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
Signature
/s/ Mark Patterson by Jay Higdon, Attorney-in-Fact|2026-03-23